United Kingdom

Tarmo Virki

Alfa Laval makes $2 billion bid for Finland's Neles, biggest owner sceptical

13 Jul 2020

STOCKHOLM/TALLINN Sweden's Alfa Laval announced on Monday a 1.73 billion euro ($1.96 billion) bid for valves maker Neles , but the Finnish firm's largest owner said the offer was not in the interest of the company, raising expectations of higher offers.

Estonia rolls back on seasonal worker curb to end 'strawberry war'

06 Jul 2020

TALLINN The Estonian government decided on Monday to reverse an earlier decision to block entry to seasonal workers from outside the European Union, ending a standoff dubbed the "strawberry war" in local media.

Nokia names new finance chief in management revamp

11 Jun 2020

Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.

Finnair seeks 500 million euros from shareholders to cope with crisis

10 Jun 2020

Finnair launched a share sale on Wednesday to raise 500 million euros ($568 million) from its existing investors, almost as much as its current market value as it seeks to strengthen its finances to cope with the coronavirus crisis.

Danske loan sale calls time on scandal-hit Estonia unit

08 Jun 2020

TALLINN/COPENHAGEN Danske Bank has agreed to sell its remaining Estonian portfolio to local bank LHV , marking an end to a unit that was at the centre of one of Europe's biggest ever money laundering scandals.

Nokia veteran Sari Baldauf takes over as 5G battle rages

27 May 2020

HELSINKI Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Uber-rival Bolt raises 100 million euros

26 May 2020

TALLINN Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.

Estonia starts testing digital immunity passport for workplaces

23 May 2020

TALLINN Estonia has started to test one of the world's first digital immunity passports, created by a team including founders of global tech startups Transferwise and Bolt, seeking a safer return to workplaces following the coronavirus lockdown.

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